Cleveland Hopkins International Airport trims $14 million in 2020 expenses
Cleveland has moved to shore up city-owned Cleveland Hopkins International Airport, but a clear picture of how badly the coronavirus crisis hit the airport’s budget won’t be known for some time.
The answer to that will ride on how quickly air traffic returns – and the business in the airport that accompanies it, according to Mayor Frank Jackson’s administration.
Ultimately, if there’s a shortfall, the bill will fall to the airlines.
Under the city’s agreement with air carriers that use the airport, the airlines pick up the costs that remain after airport-generated revenue is exhausted.